Rlstered Charity No- 1181468 GREATER FAITH MINISTRIES Trustees, Report and Accounts for the year ending 01 July 2025
CONTENTS PAGE Legal and Administrative Details Trustees, Report Independent Examiners. Report Statement of Financial Activities Balance Sheet Notes to the Accounts Detailed Statement of Financial Activities
REFERENCE AND ADNIINISTRATII'E DET AILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR Ef*DED 01 JULI. 2025 Trustees Bishop Lennox Hamilion (Chair) Marlenc LoaIne Miller Gladys Elaine McNeil Shirlcy Hamilton Charity registered Numbcr 1181468 Date ufcharitable reEistratlOD 8 January 2019 Principal office LccmLYc Ccntrc 29-39 Clarendon Rise Le.IShaM London SE13 SES Independent exxminers Accouniing Assisi Lid CIO Good io Give Lid Banke Barclays Bank PLC I Churchill Place, E14 5HP
TRUSTEES. REPORT FOR THE YEAR ETr*DED 01 JULY 2112$ The Board of Trusiees. who are the ttusiees for ¢lwiiy la. purposes. submii their annual repon and the financial siaiemcnis ofGreaier Faiih Minisiries for the year ended 11 l July 2()25. The Board of Tru5te¢s confirni the annual r¢p)rt and financial Slaicmcnts ofthc Charity CopIY currcni statutory rcquiictncnts. thc r¢quir¢tncnts of the Chatity's goi'crning duMent. Financial Reporting Stsndard 102 IFRS 1021 and the Charitics Stht¢m¢ni ofRccomm¢nikd Practicc (FRS 1021. Structure. governance mamgemettl The 4 Trustees are: Bishop knnox Hamilion (Chair) Mar]¢ LoaIne Mill¢r Gladys Elaine McNeil Shirlcy Hamilion Thc Trus¢¢¢s play o primary rolc in cnsuring gOj goVCrnaC and funciioninB of thc clwrity. The Board's role, fun¢iions and t¢sponsibilities ar¢ quile clearly d¢find. The Chariiy currcntly has a sirong team ofAdvisory B(Mrd mcmbcrs in the UK who havc hclpcd to sccurc financial suppon and contribut¢ io futur¢ planning of th¢ or84misoiion. GoYernlnR document: Greater Faith Ministries is A Charitsble Incorpratcd Organisation (CIO) and re81sred as a Charily on 8 January 2019. Thc chariiy is govcrncd by its consiiiuiion daicd l July 20111. Ref ruitment and #i)i)ointfflcn¢ of IrU4¢c. The members of the Gcnerdl Trustee Board are truslees for the PU[FSeS ofchariiy law. New trustees may appoini¢d by $0]ul10n ora mcrfing of thc inle¢S. Much ofthe charity's wcffk focu5es upon the promotion of the Chrislian religion and ihe rutming and maint¢nancc of ils pla¢¢s of worship. The General Tntee Board seeks to ensure the needs ofthis group are appropriately reflecied Ihrough the diversily of ihe trustcc body. To enhance ihc potential pool ofirustccs. the chaTlly has. through sclcctiyc adN'crtising and nclworking with i'oluniary organi7ations [1.¢ in thc sccior. sOU8h( to idcntify ihosc who would bc willing to bccomc membcr5 ofthc chariry and their omryj cxpcricncc to assist the charity. Kiyk Mana#cment: We are committed to a policy of identifyin& moniioring and managing the risks that mighi adversely affcci the aciiTrities in which we are involitd. In Ihis coniexi. risk is dcfincd as ihc lentla1 io fail io achicvc charity objcciivcs and for105s. financial and rcpuiaiional. inhcrent in thc environmeni in which wc opcrnie in ihc naiurc of ihe transactions undertaken. The principal risk of the clwity has been its dependence on volunthry income. Trnstees have initiaied
TRUSTEES. REPORT FOR THE YEAR ETr*DED 01 JULY 2112$ various procc55C5 to mitigate such risk. so ihai thc charity has 5ufficicnl rcscrvc in the evcnt of advcrs¢ condition{s). The irustee5 hai'e also examincd oihcr opcraiional and business risks which they face and confirni thai they huvc iaken Steps io mitigate thc significani risks. Public Benefit: The Trug¢¢¢g have complied wilh the duty in Section 4 of the Charities Act 2(X)C? and hav¢ paid due regard to public benefit when preparinbT this report. The t¢nefii tyovided io the public is consi51eni with the aims of thc charity in UK. Objective$ and xetiv1ti. To advaKe ihe Christian faith for ihe bencfit of the public in accordance with the siaiemcnts of ller app¢aring in hedule. To promoie for th¢ b¢n¢fii orth¢ inhabitsnts ofLondon and the surroundtng area ihc provision of faciliiics for rccrcaiion or oiher Icisurc lime occupaiion ofindividuals who have nccd of such fa¢iliiics by reason of thcir ycwih. age. infimiiiy or disablement. financial hardship or Sla] and cconomic circumsthn¢¢s or for ihc public ut largc in ihc intwcsis of social 'elfare and '11h ihe objea of improving ihe condiiion of life of ihe said inhabilan. To act as 4 r¢sour¢¢ for young p¢opl¢ by pro&idin8 advic¢ and assisthtJc¢ and iYganisin8 progrllmmcs ofphysical. cducaiional and Lmhcr acliviiics a5 a mcans of.. advancing in lifc and helping young pcoplc by dcvcloping ihcir skills. capociiies and capabilitics to cnablc ihcm to parti¢ipai¢ in Sl¢LY as ind¢p¢niknL maiurc and rcsponsibk individuals. adi'ancing ¢dallOn Financi41 review: The lar&yes¢ coniribution to the charily for the year came from genernl offerings. The Charity has begun its charitable activities from its inccpiion. The Chariiy ¢urr¢ntly Aims ¢0 dcsi8Wlt¢ iothl fund rff¢ivcd Iw eXn5 for th¢ main objc¢iiv¢ or the chariiy. Plans for future periodq: The Charily plans to dcvclop various funthaising strategy io include muss marketing. Bcsides mass marketing? and ev¢nLS, Lh¢ ¢hariiy is aiming io a¢hiei¢ ils iarg¢LS thr()ugh sff uring donaiions from williii¥ jtidJTr Iduul>. A dLv¥lvpiiKiii bvatd iiwy Ix. iv IKly iiiilud¥ vdi¥i #v¥iiuiti vr ruiidi#i>iii to be included in the ycarly pro8rnmm¢. Statement of Buard ol Trustees, reSn]b]I]ll¢s. The Board of Trust¢¢s are r¢sw>nsibl¢ for praring th¢ Annual R¢port and ih¢ financial stai¢m¢nts in a¢¢ordawe w'iih appli¢abl¢ law and Untied Kingd(An Generally A¢¢epied A¢¢ouniing Pra¢ti¢e. Charity law applicable to charilies in Englanrlwales requLre5 the Board of Trusiecs to prepa 41Page
TRUSTEES. REPORT FOR THE YEAR ETrDED 01 JULY 2112$ ritwicial statements for each financial year which gil'es a tyue and fair wiew ofihe state ofaffairs or Ihe Charity and of ihc surplus or defici( of the Chariry for ihai period. In preparing ihosc financial statcm¢nts the Board of Trusices hav¢= Selected suitable accounling policies and applied them consistently. Made judgments and ¢stimas that aff reasonable and prudent, Siaicd wheiher applicablc accouniing sthndards hai'e bcen followcd. subjcci to any matcrial depanures disclosd and explained in ihe financial siaiemenis. Prcpar¢d thc financial siatcmcnts on a going conccrn basis (unl¢ss il is inappropriate lo presume thai the Chariry will coniinue in operali). The Board of Tru5lCC5 has ovcrdll rcspon5ibility for cnsuring thai ihc Chariry has an appropriatc systcm of conirols. finwicial and oihcnvise. Thcy arc also rcsponsiblc for kccping prow accouniing records. disclose wilh rcasonablc accuracy ai any iimc ihc financial position of Ihc Charity and cnablc th¢m to ensure Ihai the financial sthiemenis comply with the Chariiies Aci IW3. They arc also respon5ibl¢ for safcguarding the assets of thc Charity and hence for taking reasonable sieps for the deleciion and prcvcniion of fraud and oihcr irrcgularitics. Th¢ Board of Trusi¢¢s is rcsponsibl¢ for ihc mainmn¢e and iniegriiy ofLhe ¢orporai¢ and financial inforniation. Lcgislation in thc Uniicd Kingdom govcming ihc prcparnlion and disscminalion or rinancial statcments may ditTcr from le8islaiion in other jurisdbciions. St#lement ofdi4closur¢ ofinform¢ion to indcpcThden¢ ¢x4mincr Wc. as ihe Trusic¢s of the Chariiy who held 01¢¢ at daic of approval ofthcsc financial slemen15 as set out on pase 2 each confinn. so far os we are aware. thai.. Ther¢ is no r¢l¢vani infoml10n ofwhich th¢ Clwity'$ iThj¢FWdt ¢xamin¢r 4r¢ unawor¢.' and wc havc iakcn all ihe $pS ihai we cmJ8hi io have tskcn as Truses in order io make ourselves aware of any rclcvani infomiation and io cslablish thai thc charity's Indepndertl cxamincr is awarc of ihat infornialioD. Indei)cndent Examincr: The Chaniy's indernden1 examiner. Anum Hassan. FCCA of Accounting Assist Lid Clo GO to Give L(d. haye indi¢aied their willingn¢s$ io offer themselves for appointhieni. This port was approved by the Trusices on and sI¢d on dir bchalf by.. Signature.4BH**..............
INDEPEYDEYT EX.4llER.s REPORT FOR THE YEAR EDED 01 JULY 21125 INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES OF GREATER FAITH MINISTRIES I un th¢ fiTL¥nLwl ¥lat¢Tn¢nL% ()[ Ihe Lhatily for th¢ y<¥i eth 01 July 2025 'hh Lomwi&e the Ststunent ot'l.inaniial ALliviiies and 13alaNe Shed with assfKiaie ThLNes. This rLWt is made solety to the ehaTitys TTu&ees. as a Wy, in aceordarKe with st£tion 145 of thc Charitles ALI 201 l and T¢¥ulali()n¥ ma(k und¢T ¢ti()n 154 of ihal Acl. My woik h&¥ ken und¢¥thkcn su thal I mighi %tsie lu the Llwrily'% Trusleex iIM)se Inalle l am requited iu slal¢ lu iheJD in an Indwnd¢nl Cxa[n¢rfS r¢pciTi and li)r no oihcr pwp05c. 'lo ihc tiillcsl eXlLYLI pern]illed by law, I do noi accq)i or assunic rcsprnsibility lo anyone other than the chariry and the charity'$ Truses a hy. formy exaininaiion work. R¢rrtlv¢ Rcspothslblll¢lr5 of TTltsttts •tyd Ex•ml¢r The charitys Tnasiees are resp()nsible for the preparation of the financial sthicments. and ihcy Consider thai an a11 is ncii TL'4ULd for Ihis year undLY S¢Liion I4412101- Lhariiits ALI 2011 {thL ALI) and thai an ind4)LndLml LxomLnaiiot) is nLxxled. It is my re$txJn%ibility lo.. F.xarninc lh¢ wcry]nl$ lundcr %¢¢lion 145 (If ihc chari11 Acll.. .1 (I r(Ill(Iw ihl pniL¢YturL14id d(IMm in IIK. (i¢th¢rnl l)IreciiMs by Chariiy Lommi%i(m¢rs lut)diY %e¢iii)t) 145I5Xbl i)I' th¢ Lh8TiIi¢5 Aill: and 'I'c) %iai¢ whiihiy porti¢ular nwir5 hav¢ ¢ome my aii¢niion. Bas1% of Indtpendent EAamintr's report My ixthminali(?n wi% Lthmixl (wi in thLL(?ril¢C wilh ihc Dir¢Llii)n% 8]vL by thc Churiiy ComniiysionLrs. An ¢xJ)minaiion inL]ll a r¢vi¢w of ih. a¥¢ouniing Mords kLyi by thL' Cir(>uplCh4n"iy and a Li)mpari()n c>t'ihL aLccwnis preK'nlLMI with i)C reLwr&%. li a1$4) illLludL¥ consLdLYaticm ol'any Ual ilLIIIS ()T di¥Llo%uri% in Ihc accounls and ¥ciking lxplanllons Irom you a% trSIC¢S cTrnccrning any ch mallcpi. 'IThL pr(iit(lurL un(k.riakt d(1 ni)I proviik. all lh¢ ¢vidcnc¢ ikni would bc rLy4ULrd in an audil. ond c(InwuLnily no ()pinion i¥ given whithiy th¢ pTe•¢nl 4'tyu¢ f8w' vi¢w th¢ rwn i¥ limii¢J io tl¥)¥¢ mJiiLY% NL'I 4)ul in ihe slaiLmLmi k)w. Indep¢ndcnt Examlner's •tatvmethl In LVtinLLllC?n with my ¢xamitWlLUry Tho malter hLS corne lo my aintion'. 11 whiLh yives me reaab]e Lause lo believe lha¢ in any malerial respeLi the rewiremenl lo k¢¢p o¢¢c?uniing r¢¢ords in S¢¢[dr¢ wilh s¢dion 110 ol"Ih¢ Arl: and lo picpurc financial statcmcnts which acc[ wilh the accirtmting r¢coTd5 and comply with ih¢ aLLounling i¢quiiemenis orth¢ Acl havc not bcLTh Tnct." 01 21 to which. in my i)pinion, all¢ntton 51K)uld thawn in order kn ¢nabl¢ a PT(yu undeNaTLding of the rLnan¢ial siaiemen15 10 be reathed. Datcd. 301412026 Anum Hassan. FCCA On behalf ofAccountiDgAssist Ltd 61Page
STATEIENT OF FIN.4NCI.4L ACTIVITIES (Incurpuratin% incumc and expcnditure accuunt) FOR THE YEAR ENDED 01 JULY 2025 Rc5trktd Total Funds Tolal Fund% 2•25 2025 20Lq 2024 45J42 45J42 48.414 tiill Aid 1.223 1,225 6.129 Ihh¢r 1thrn¢ 600 'lotl rttour¢ei 46.467 46.467 expended l)itYcl Cnbir expthditiiir 67.713 67.713 liovernance ¢as 921 Total R**oMr¢t% expended 8&73 68ffj73 Mpv¢nKM in total for lh¢ y¢Br- I ILXPL Thjiiurrl Fur th¢ yr•r 21106 Z1106 Fund br(XiBhi ron¥d l.und trAlance c4rried fonwwd 411.Sl9
BALANCE SHEET AS AT 01 JULY 2025 2025 21124 2024 Noi¢ C.'IIRREf4T XSSETS Ikbkn8 1,6_12 18.781 40.887 18.781 42.520 ('R Tr'DIT(IR%.' onx)unig [1•8 du¢ within oth¢ ear -168 2.(K)I Tr'T I'IIRR Tr'NT 18.411 40.519 18.413 ('IIARJTI' Tr'iif*DS 18,413 TOTAL lllWDS J8.4l3 The financial siaiemenis were approved by the Trusiees and signed on their behalf. by.. Name...... Shirtey Hamiltor Thc notcs on pagc5 9- 10 fonn part of thc5c financial 5tatcmcnts 81Page
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 01 JULY 2V25 I. ACCOUNTING POLICIES Ba¥is of preparation Df financial statements The financial sentS hav¢ been pr¢pared under ihc hisiori¢a] cosi conveniion ond in accordance wilh Financial Rep)rtinb) Siandard 102 (FRS 102) and the Chariiies SiaLemeni of Recommendcd Pra¢ii¢¢ (FRS 102). applicablc io chariiics pr¢paring th¢ir a¢¢ounLS und¢r ihc aCCnlS basis. Fund accountin% Gcneral funds are unrestrictcd funds which are available for use at the discretion of the Tru¢¢$ in furth¢ran¢e ofthe b)¢neral objeaives ofihe charity and which have noi iKen designated for other purpos. Resiricicd funds are funds 'hiCh arc 10 bc used in accordancc wilh spccific rcsiTic(ions impos¢d by donors or WCh hav¢ rnis¢d by th¢ ¢harily for parii¢ular purposcs. Th¢ Costs ofraisirtb and athninisicring such funds cbar&ycd abainsi the s¢If1¢ fund. Thc aim and use of eoch rcstricicd fund is sei oui in the noies io ihc financial SthLemcnts. rcqourceq All incoming resources arc includcd in the steMent of financi aciivitics whcn thc charity has ¢niiil¢meni io thc funds. ccnainiy of r¢] and ihe omouni can bc mcasurcd wilh surri¢i¢ni r¢liabiliiy. Donaicd scrvi¢cs or facilities. which comprisc donaicd services. arc includcd in income at a 'alug1ion which is an ¢siimai¢ ofihc financial cosi born¢ by thc donor .h¢r¢ such a cosi is quaniifiabl¢ and mcasurabl¢. No incomc is recolS¢d whcrc thcrc is no financial cost bornc by a third pany. Incomc tax rccovcrdble in rclaiion io donulions received under Gift Aid or deed5 of Conant is recognised ai Ihc lime of Ihc donaiion. Rtwurce% expcndcd Expcndiiurc is accounicd for on an accnthls basis and ha5 bccn included under cxpcnsc catc&borics that abbrcgjaic all costs for allo¢aiion to ac1]]11¢$. Whcrc cosis cannoi bc dirccily iiributed to panicuiar aciiviiies. thcy hai'e all(xaied on a bosis consisicnt wilh the usc of the resour¢¢s. Fundraising costs are those incurred in seektng fvoluntsry conlbUl10ns and do noi include Ihe costs of disseminating infoThnaiion in support of thc charithble actiN'ities. Support Costs are thos¢ costs in¢urr¢d dircctly in suppon of ¢xwnditurc on th¢ objccts ofthc ¢harity and include projecl managemenl carried oui ai Hea(uarterS. Governance costs are Ihose incurred
NOTES TO THE FINANCIAL STATEIIENT FOR THE I'EAR ENDED 01 JULI 202$ {( (Inlinued) in connection with administration of the chariiy and compliance with ¢onsiitutional and sialury requirements. Trustte Remuncr#tion & Expenses One trustee re¢¢iv¢d remunetation during the year amounting io £17.550 (2024= £18.1071 for services provided io the chariiy in iheir capaciiy as a pric. No ffiLsiee received remuneration or bencfiis in respcci of ihcir duiies as irusiee. 101 Page
DETAILED STATEIENT OF FINANCIAL ACTIVITIES (In£orporatin% Income and Expenditure AccouDt) FOR THE YEIiR EDED 01 JULY 2025 Unrestrictt41 Total Total 2023 Incomin Reources: 45.-142 45.-142 48.414 Gift Aid 1.225 1.225 6,129 Other Iniom¢ Tot1 IDcomln% Resources AdvL'rii¥itJ ns 1.010 InsuranLe 491 491 470 Priest 17,550 17,550 18.247 7.0(xn Lost 173 173 2.15 Crtneral 1..xwS MusiLian 6.854 6.854 15..199 5.634 5.634 Rent 24,897 24,897 16,876 (Fift & l)on&lions 2.975 2.975 5.201 Trdvel 8,072 8.072 Coaih Hir¢ & F.quipm¢ni 3.13 7(K) GovenwiLe Cosls 921 Tot*l Expendlture 68.673 68.673 Net Intome l Kxpendlture 21.106 22.106